A Game-Changer in Consumer Financing
Amwal Tech, a forward-thinking Saudi fintech firm specializing in installment-based card payments, has teamed up with AlRajhi Bank, one of the Kingdom’s leading financial institutions, to launch a fully automated Credit Card Installment Solution. This strategic partnership aims to redefine how Saudis pay, offering instant, flexible financing options right at checkout.
Whether you’re shopping online or in-store, AlRajhi credit cardholders can now convert purchases into manageable monthly installments, on the spot, with zero friction and instant approval. The initiative empowers consumers with better financial flexibility and helps merchants increase conversion rates and boost revenue.
What makes this solution stand out?
Here’s what users and merchants can expect from this innovative new service:
- ✅ Instant Installments: No paperwork, no delays, just tap and convert at checkout
- ✅ Big-Ticket Support: Split purchases up to SAR 100,000 with 0% interest for up to 24 months
- ✅ Seamless Integration: End-to-end flow from checkout to settlement for a smooth customer experience
- ✅ High Approval Rates: With approvals reaching up to 95%, more customers can access this feature instantly
Reda Reda, Co-founder at Amwal Tech, shared:
“We are proud to partner with AlRajhi Bank, a pioneer in the banking space, to offer a solution that enhances financial freedom for consumers and empowers merchants to drive growth.”
A Win-Win for Shoppers and Businesses
By embedding this smart installment infrastructure directly into AlRajhi’s card system, Amwal enables a truly frictionless experience for both shoppers and sellers.
Merchants across sectors, from electronics and luxury retail to healthcare and travel, can now tap into an enhanced checkout solution that boosts customer satisfaction, encourages larger basket sizes, and drives repeat purchases.
Ahmed Bin Saeed, GM of Tasaheal Program at AlRajhi Bank, added:
“This collaboration supports our mission to deliver cutting-edge digital financing solutions and reinforces our commitment to customer-centric innovation in retail banking.”
Supporting Vision 2030 and Financial Inclusion
This partnership doesn’t just make financial sense, it aligns with the Kingdom’s broader goals under Vision 2030. By encouraging cashless payments, expanding access to credit, and fostering digital transformation, Amwal and AlRajhi are helping pave the way for a smarter, more inclusive Saudi economy.
As this solution scales, expect to see it roll out rapidly across key industries, including:
Together, Amwal Tech and AlRajhi Bank are building a foundation for a more convenient, secure, and accessible financial future in Saudi Arabia.